Tag Archives: Government Services

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Fiserv Launches Solution to Help Government Agencies Reduce Improper Payments

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By Business Wirevia The Motley Fool

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Fiserv Launches Solution to Help Government Agencies Reduce Improper Payments

  • Solution detects and prevents payment inaccuracy and minimizes fraud in U.S. federal government agencies
  • Solution uses financial services industry best practices, predictive fraud analytics and lean Six Sigma methodology

BROOKFIELD, Wis.–(BUSINESS WIRE)– Fiserv, Inc. (NAS: FISV) , a leading global provider of financial services technology solutions, announced today that it has launched a payment accuracy and fraud solution to reduce improper payments for U.S. federal government agencies. The professional services engagement will allow government agencies to reduce the overall loss of cash associated with improper disbursement and recovery of funds, thereby enabling that money to instead be used for citizens and tax-payers.

Improper payments can include payments to the wrong person, for the wrong amount, or to citizens who are no longer eligible for benefits. In 2012, improper payments made by the federal government to citizens were estimated to total $108 billion. An estimated one-third or more of improper payments are due to fraud, while two-thirds are the result of errors or incorrect information. Using a rigorous process and data analysis, the Fiserv solution finds and eliminates process variation, waste and opportunities for error that may result in payment inaccuracy.

Fiserv practitioners pinpoint root causes and areas in the payment cycle where improper payments can be detected, mitigated and prevented. This diagnostic professional services engagement includes discovery sessions, interviews, hands-on process observation, mapping, data collection and analysis with the goal of delivering an actionable roadmap that enables the identification, mitigation or elimination of the majority of improper payments.

Fiserv then works closely with the agencies to optimize the processes and identify the need for change. Fiserv creates detailed specifications for any technology solutions needed to address points of failure that may result in improper payments. Finally, Fiserv creates and operates the new process or technology platform, or helps the agency manage the new environment using internal resources.

“At a time when resources are scarce at every level of government, public officials can no longer look at improper payments as a cost of doing business. Fiserv is a leader in payments processing, technology and professional services and our solutions are used by leading financial institutions to ensure payment accuracy, prevent fraud and speed service delivery,” said Ray Kalustyan, senior vice president and managing director, Government Services, Fiserv. “By applying our payment accuracy …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Franklin Covey Reports Solid Growth for Its Fiscal 2013 Second Quarter

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By Business Wirevia The Motley Fool

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Franklin Covey Reports Solid Growth for Its Fiscal 2013 Second Quarter

Diluted EPS Grows 33% Over Prior Year’s Quarter

Operating Income Increases 17%

Sales and Adjusted EBITDA Each Increase 5%

Company Reaffirms Its Fiscal 2013 Adjusted EBITDA Guidance of $30-$32 Million

SALT LAKE CITY–(BUSINESS WIRE)– Franklin Covey Co. (NYS: FC) , a global performance improvement company that creates and distributes world-class content, training, processes, and tools that organizations and individuals use to transform their results, today announced financial results for its fiscal second quarter ended March 2, 2013.

Net sales for the quarter ended March 2, 2013 increased 5% to $40.4 million, compared with $38.6 million in the second quarter of the prior year. Sales in the balance of the Company’s operations grew 16% in the quarter, but were partially offset by declines in the Government Services office and the Sales Performance Practice, and a primarily foreign exchange-related decline in revenues at its direct office in Japan. Adjusted EBITDA for the quarter increased to $5.6 million, a 5% increase, compared with $5.3 million in fiscal 2012 and was impacted by the same factors described above. The Company’s Adjusted EBITDA margin (Adjusted EBITDA as a percent of sales) remained strong, and was consistent with the prior fiscal year’s second quarter at 13.8% of sales. Income from operations increased by $0.5 million to $3.3 million, a 17% increase compared with $2.8 million in the second quarter of the prior fiscal year. Net income improved by $0.4 million to $1.6 million, or $0.08 per diluted share, compared with $1.2 million, or $.06 per diluted share, in the second quarter of fiscal 2012.

Bob Whitman, Chairman and Chief Executive Officer, commented, “Franklin Covey reported another quarter of solid growth in its financial and operating performance. We continue to invest in our new, key strategic initiatives and are expanding our marketing and sales teams on a global basis. Our momentum remains strong and our prospective business pipeline continues to build. We remain on track to report another year of solid growth in revenue, profitability, and cash flows from operations.”

…read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Corporate Resource Services Wins Staffing Contract for County of San Bernardino

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By Business Wirevia The Motley Fool

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Corporate Resource Services Wins Staffing Contract for County of San Bernardino

NEW YORK–(BUSINESS WIRE)– Corporate Resource Services, Inc. (OTCBB: CRRS), a diversified staffing, recruiting, and consulting services firm providing managed services and trained employees in the areas of Insurance, Information Technology, Accounting, Legal, Engineering, Science, Healthcare, Life Sciences, Creative Services, Hospitality, Retail, General Business and Light Industrial work, today announced that it has been awarded the contract to staff positions for the County of San Bernardino, California effective immediately.

“The County of San Bernardino is another government contract that CRS has just signed and we will continue to expand our focus in the government sector,” said John Messina, CEO of Corporate Resource Services. “Susan Kennedy, our VP of Government Services and her team are capturing new contracts on a regular basis. This is a great way for CRS to expand its higher level service offerings and generate improved profit margins for the corporation.”

About Corporate Resource Services, Inc.:

Corporate Resource Services, Inc. provides diversified staffing, recruiting, and consulting services and offers trained employees in the areas of Insurance, Information Technology, Accounting, Legal, Engineering, Science, Healthcare, Life Sciences, Creative Services, Hospitality, Retail, General Business and Light Industrial work. The company’s blended staffing solutions are tailored to our customers’ needs and can include customized employee pre-training and testing, on-site facilities management, vendor management, risk assessment and management, market analyses and productivity/occupational engineering studies.

The Company’s ability to deliver broad-based solutions provides its customers a “one stop shop” to fulfill their staffing needs from professional services and consulting to clerical and light industrial positions. Depending on the size and complexity of an assignment, Corporate Resource Services can create an on-site facility for recruiting, training and administration at the customers’ location. Company recruiters have the latest state of the art recruiting resources available to help customers secure the best candidates in today’s ever-changing marketplace. CRS‘s national network of recruiters has staffing experts that get excellent results by focusing within their areas of expertise.

The Company operates 207 staffing and on-site facilities in 37 states and the District of Columbia and it offers its services to a wide variety of clients in many industries, ranging from sole proprietorships to Fortune 1000 companies. To learn more, visit http://www.crsco.com.

This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which …read more
Source: FULL ARTICLE at DailyFinance